By Roshan Fernandez
AT&T will buy substantially all of Lumen's mass markets fiber business for $5.75 billion in a move it says will accelerate high-speed fiber internet access for millions of Americans.
The deal is expected to close in the first half of 2026.
AT&T said the acquisition will create jobs in metro areas across 11 states and improve critical connectivity infrastructure.
The transaction will allow AT&T to expand in areas like Denver, Las Vegas, Minneapolis-St. Paul, Orlando, Phoenix, Portland, Salt Lake City and Seattle, among others.
The deal includes about 1 million Lumen fiber subscribers across more than 4 million locations, AT&T said. Those subscribers will transition to become AT&T Fiber customers over time.
AT&T now expects to reach 60 million total fiber locations by the end of 2030 - roughly double the number of places it is available now.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
May 21, 2025 16:36 ET (20:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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